BOJ Chief Ueda Cautious on Meeting 2% Inflation Target

Despite inflation exceeding 2% for over a year, Bank of Japan Governor Kazuo Ueda emphasizes the need for more data before declaring the target met.

Bank of Japan Governor Kazuo Ueda states it's too early to conclude the central bank's 2% inflation target has been sustainably met.
Ueda highlights the importance of upcoming wage negotiations and a positive wage-inflation cycle for achieving the inflation goal.
Market players anticipate an end to the BOJ's negative interest rate policy by April, amid expectations of wage hikes.
Japan's economy entered a recession at the end of last year, but Ueda remains optimistic about a moderate recovery.
The BOJ maintains readiness to phase out massive stimulus once it's confident in achieving the inflation target sustainably.